Just Auto

Daily Newsletter

08 December 2023

Daily Newsletter

Rental fleet buys boost NZ sales

Rentals took 30.7% of November sales

Of the 14,519 new vehicles registered in New Zealand in November, rental fleet purchases accounted for 4,466 units.

This was the highest number of monthly rental registrations in the last four years and was 30.7% of November sales.

The annual fleet purchases ahead of the southern hemisphere summer and tourist season was a welcome boost for November registrations as light commercial registrations continues to be significantly impacted with savvy consumers awaiting the upcoming removal of the Clean Car Discount Fees [following a change of government last month], the Motor Industry Association (MIA) said.

Commercial registrations were down 32% on November 2022 at 3,022 and 40.9% on November 2021. YTD volume was 37,318.

November registrations were 7.1% lower than November 2022 and 11.1% lower than November 2021.

Year to date, 2023 total market sales were 8.9% lower than 2022 at 139,256.

The top three overall market leaders in November 2023 were Toyota (24.9%), Ford (13%) and Mitsubishi with (8%).

BEVs took an 18.5% share, PHEVs 8%, hybrids 23.6% and ICE vehicles 49.8%.

Light passenger sales rose 2% last month to 11,497 due to the spike in rental vehicle registrations in November. YTD volume was nonetheless down 5.4% to 101,938.

The top three selling models were the Toyota RAV4, Mitsubishi Outlander, and Tesla Model Y.

Used passenger vehicle registrations reached 102,199.

Commercial registrations of 3,022 last month were 32% lower than November 2022 and 40.9% lower than November 2021. YTD registrations were off 17.3% on 2022.

Ford was market leader with 37.6% followed by Toyota (19.8%) (597 units) and LDV (4.5%).

The top three models were the Ford Ranger, Toyota Hilux and Toyota Hiace.

APAC leads the Connected Vehicle Technologies market in 2023

Consumer demand for features like connected services, in-car infotainment, and ADAS has accelerated the development of connected vehicle technologies. APAC nations have made significant investments in enhancing their digital infrastructure, including the rollout of 5G networks, to provide dependable and quick communication between vehicles and the surrounding infrastructure.

Smart parking market expected to grow at a CAGR of 13.2% by 2030

Urbanization and population growth are the major drivers of the smart parking market as they have a significant impact on parking demand, traffic congestion, and the need for efficient urban infrastructure. Smart parking systems assist in optimizing the use of current parking facilities by providing real-time information on available spaces and decreasing the time and effort spent looking for parking.